The Ravens have taken another step in addressing the wide receiver position by signing restricted free agent Willie Snead to a two-year offer sheet that won’t be matched by New Orleans.

According to ESPN’s Adam Schefter, the deal is worth $7 million, which includes a $2 million signing bonus and an additional $3.4 million in incentives. New Orleans had until Wednesday to match the offer and will not receive any compensation for the former undrafted free agent’s departure. According to the NFLPA, the Saints entered Monday with just over $6 million in salary cap space, a limited amount for a team that recently signed wide receiver Cameron Meredith.

Snead is coming off a forgettable season in which he caught only eight passes for 92 yards in 11 games. He was suspended for the first three games of 2017 for violating the NFL’s personal conduct policy, a penalty stemming from charges of driving while intoxicated and failing to maintain proper control of a vehicle last June. The Ball State product also dealt with a hamstring injury for a large portion of last season, another factor leading to him falling out of the mix.

However, the 25-year-old was a major contributor for Drew Brees and the Saints offense in the previous two seasons, catching a combined 141 passes for 1,879 yards and seven touchdowns. The 5-foot-11, 195-pound Snead will serve as Baltimore’s slot receiver, a position general manager Ozzie Newsome had yet to fill after Jeremy Maclin was released and Michael Campanaro signed a one-year deal with Tennessee.

With the Ravens landing Snead, they have added a possession receiver and red-zone weapon in Michael Crabtree, an outside speed target in John Brown, and now a slot receiver to a passing game that ranked 29th in the NFL last season. The three offer diverse skills and have all enjoyed success in the past, but they combined for just 87 catches for 1,009 yards and 11 touchdowns last season with Crabtree accounting for most of that production. In other words, Newsome has invested quite a bit in a trio of targets needing bounce-back seasons.

Signing Snead is expected to take the Ravens out of the running for former Pro Bowl receiver Dez Bryant, who hasn’t publicly expressed any interest in signing with Baltimore. The Ravens would be wise to still make drafting another receiver or two a priority this week since none of the aforementioned receivers can be viewed as long-term solutions at this point.

Snead worked out for the Ravens in late March and caught passes from quarterback Robert Griffin III, who also signed with the team earlier this month.